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135 Saint Devon Court Johns Creek, GA 30097

4 Beds 3 Baths 2,854 sqft Built 1992

$423,800

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $148.49
  • 5 Days on Market
  • MLS # : 6837919
  • Updated Date : 02/12/2021 at 10:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,854 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Looking in Johns Creek Northview HS District? Well, here is a rare opportunity in PopularDevonhall S/D which has awesome Swim / Tennis, Playground & Field Amenities! Four bedrooms, Two- & One-Half Baths await on a Level, Cul-De-Sac, Fenced lot! Two story, large Foyer greets your guests. Double French Doors lead to the Living Room / Office which connects to the Formal Dining Room. Spacious & Open Kitchen has Center Island & plenty of cabinet & counter space - All OPEN to the Breakfast Area & Vaulted Fireside Family Room with Built-in Lighted Shelves & Cabinets! Family

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Devonhall

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Devonhall

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Shakerag Elementary School Primary Regular 834 50 8
River Trail Middle School Middle Regular 1,405 95 9
Northview High School High Regular 1,922 102 9

Shakerag Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 50
8
GreatSchools Rating

River Trail Middle School

  • Education Level: Middle
  • # of students: 1,405
  • # of teachers: 95
9
GreatSchools Rating

Northview High School

  • Education Level: High
  • # of students: 1,922
  • # of teachers: 102
9
GreatSchools Rating
 

$381,420$466,180$423,800

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,472
Property Tax -$387
Property Insurance -$82
HOA -$54
Property Management Fees -$119
CASH FLOW
$166

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$423,800

PROJECTED PRICE

$2,280

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,057

INVESTMENT

$118,057

Down Payment
$105,950
Rehab Estimate
$5,750
Closing Costs
$6,357

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,950
Loan Amount $317,850
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$34,195

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,280

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2504$2,2805$2,500
$2,500
RENT COMPS ANALYSIS
  • 135 Saint Devon Court Johns Creek, GA 4
    • 4 beds 3 baths ∙ 2,854 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,854 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.80
    •  
  • 7185 Threadstone Overlook Johns Creek, GA 1
    • 4 beds 5 baths ∙ 2,753 Sqft ∙ Built 1992 4 beds 5 baths ∙ 2,753 Sqft ∙ Built 1992
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 210 Henley Place Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 7045 Threadstone Overlook Johns Creek, GA 3
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1992
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 7280 Devonhall Way Johns Creek, GA 5
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 1993
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Gary R Deckert
1.770.686.6522
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837919
Last Updated: 02/12/2021
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. Copyright (c) 2021 First Multiple Listing Service, Inc.

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